First Republic Bank - Trading Halted After Steep Drop Of Stock Value

[SAN_Man]

Originally Posted by TMSRetired

History repeats....we had the "roaring 20's" before the big crash.

This time is different though. I think we're in a much worse situation.

In the 1920s we didn't have a decade of QE bond buying/money printing. Our national debt was almost non-existent. Debt to GDP was extremely low, unlike today which is approaching WW2 levels.

1929 debt total was $17 billion and the Debt to GDP was 16%. $17 billion is basically a rounding error. Or 1 month of war supplies to Ukraine.
2023 debt 31.6 trillion and Debt to GDP 120%

[TMSRetired]

Originally Posted by SAN_Man

This time is different though. I think we're in a much worse situation.

In the 1920s we didn't have a decade of QE bond buying/money printing. Our national debt was almost non-existent. Debt to GDP was extremely low, unlike today which is approaching WW2 levels.

1929 debt total was $17 billion and the Debt to GDP was 16%
2023 debt 31.6 trillion and Debt to GDP 120%

Every time is different but the underlying ...always the same.

Loose monetary policy

[Chuckity]

Tick tock.

Looks like another bank bailout is on the horizon.

https://www.cnbc.com/2023/04/28/firs...scue-deal.html

Sources told CNBC’s David Faber that the most likely outcome for the troubled bank is for the Federal Deposit Insurance Corporation to take it into receivership. The stock slid about 40% and was halted for volatility multiple times.

[Rocko20]

When we told the left not to shutdown the economy over a 99% survival rate virus, they laughed.

Now they’re not laughing. Another San Fran bank looking at bankruptcy, over lockdowns, and the subsequent government money printing that took place 3 years ago.